Satluj Jal Vidyut Nigam (SJVN) has signed a memorandum of understanding (MoU) with BHEL and REMC to develop renewable projects for IR. Reportedly, the signing of the MoU is expected to usher in a new era of more efficient consumption of power in IR, and lead to more competitive tariffs for the overall benefit of consumers. All the stakeholders involved will work together to develop the renewable energy projects. The MoU is a step towards meeting SJVN’s of renewable energy and IR’s target of becoming a net zero emitter by 2030.